Goldman Sachs
Goldman Sachs
The Goldman Sachs Group Inc is a leading global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (45%), asset management (20%), and consumer and wealth management (15%) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
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Fresh off its support of the Apple Card — deemed "the most successful credit card launch ever" by Goldman Sachs CEO David Solomon — the investment bank is fueling another card-as-a-service platform.
November 6 -
The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say.
November 1 -
Rep. Ayanna Pressley, D-Mass., has proposed requiring annual testimony by the heads of the U.S. "global systemically important" banks.
October 31 -
Apple CEO Tim Cook has called Apple Card the "most successful launch of a credit card in the United States ever." If that's true, the company is banking on it to jolt lagging iPhone sales by adding an installment payment option.
October 31 -
During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative.
October 15 -
Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.
September 30 -
Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.
September 23 -
Goldman Sachs, Elevar Equity and QED Investors are among institutions financing Mexican lenders that fund SMEs.
September 17 -
The bank is adding senior tech executives from Amazon and Verizon as partners; bank allegedly inflated prices and overcharged investors for mortgage bonds.
September 13 -
Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit.
September 10